Avery Dennison has agreed to acquire Meridian Adhesives Group's U.S. flooring business for $390 million, enhancing its portfolio in the adhesives market.

Information on the Target

Avery Dennison Corporation (NYSE:AVY), a global leader in materials science and digital identification solutions, has signed a definitive agreement to acquire the flooring adhesives business of Meridian Adhesives Group for $390 million. Meridian's flooring adhesives division, based in Dalton, Georgia, specializes in the development, manufacture, and commercialization of specialty adhesives and coatings specifically for the U.S. flooring industry. The business is projected to achieve approximately $110 million in revenue for the year 2025 with attractive operating margins, operating four manufacturing facilities across the United States and employing around 110 personnel.

The flooring adhesives segment includes notable brands such as Taylor Adhesives, Polycom, and Frontier Products, which are recognized for their product quality, strong customer relationships, and continual innovation within the industry.

Industry Overview in the United States

The flooring adhesives market in the U.S. has seen significant growth driven by increased demand for high-performance materials, particularly as construction and remodeling activities surge. The shift toward sustainable flooring options also propels market growth as manufacturers i